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Arab Contractors to deliver $1-bln projects in 2018
Marwa Abo Elmagd
27 April 2017
Egypt-headquartered construction and contracting company Arab Contractors expects to deliver projects worth $1 billion in 2018, a senior official told Thomson Reuters Projects.
The projects include infrastructure and housing works at Egypt’s New Administrative Capital, a mega bridge in Helwan city in Egypt and road projects in Kuwait.
The company is executing 3.5 billion Egyptian pounds ($192.52 million) worth of infrastructure and housing projects as part of phase one of New Administrative Capital, said Eng. Mohsen Salah, CEO of Arab Contractors.
"We are currently executing infrastructure works that include electricity, rainwater drainage and sanitation networks over an area of 550 feddans (21 million sq. metres) in the residential neighbourhood of the new administrative capital,” Salah said, adding that the works include a 1,000-mm main water network.
The company had completed 78 residential buildings and co-designed main roads in a six-month timeframe at a cost of 230 million pounds ($12.65 million) for the new capital.
Arab Contractors is also in talks with the Egyptian Engineering Authority of the Armed Forces for building a 700-metre long bridge in Helwan. The project is expected to be finished in 18 months from the date of award.
In Kuwait, the company was recently awarded a 170 million Kuwaiti dinars ($558.46 million) contract by the Ministry of Public Works to develop the Nuwaiseeb Road with a three-year timeframe.
The project involves the construction of a new 37-kilometre-road of three lanes in each direction, associated water, sewage, and rainwater networks, nine intersections, four bridges for the passage of camels.
Salah said the company is currently carrying out the construction works of the fourth phase of the project to develop the Gahraa road in Kuwait at a cost of 60 million dinars ($197.10 million). The 53-kilometre first phase, built at a cost of 290 million dinars ($952.67 million), was inaugurated in January 2016.
The company is also looking to enter new markets in Africa.
"We are trying to enter new markets in Morocco, Senegal, Côte d'Ivoire, Uganda and Cameroon,” Salah said, adding that the company is targeting $370million in road and infrastructure projects in Africa by end-2017.
Arab Contractors is affiliated to the Egyptian Ministry of Housing and has projects in around 30 countries in the Middle East and Africa.
© Zawya Projects News 2017